Markets / Wall Street

Money in the bank: Child tax credit dollars head to parents

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WASHINGTON — The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel. ...

Stocks edge lower, easing indexes below recent record highs

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Stocks edged lower Thursday, pulling major indexes a bit further below the record highs they marked at the beginning of the week. Investors continue...

UnitedHealth raises outlook after strong second quarter

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MINNETONKA, Minn. — UnitedHealth Group boosted its full-year outlook for a second time this year after a surprisingly strong second quarter despite sustained, elevated...

Lebanon’s PM-designate steps down after months of deadlock

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BEIRUT — Lebanon’s Prime Minister-designate Saad Hariri stepped down Thursday, citing “key differences” with the president after nine months of political wrangling that failed...

US unemployment claims fall to 360,000, a new pandemic low

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WASHINGTON — The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that...

Acclaim, fundraising spread unevenly among Black colleges

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ATLANTA — Two recent high-profile faculty appointments could be a fundraising and enrollment bonanza for Howard University, one of the nation’s most prestigious Black...

Wells Fargo beats expectations with $6 billion profit in 2Q

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SILVER SPRING, Md. — Wells Fargo had its most profitable quarter in two years, easily beating Wall Street estimates as the global economy continues...

Powell says inflation will be ‘elevated’ in coming months

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WASHINGTON — Federal Reserve Chair Jerome Powell says that inflation “will likely remain elevated in coming months" before “moderating,” an apparent acknowledgement that price...

Fed survey: US economy strong but hindered by bottlenecks

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WASHINGTON — The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks...

Firm hacked to spread ransomware had previous security flaws

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For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive...